Demand for electric vehicles in the United States plummeted when the Trump administration axed the $7,500 federal EV tax credit in September last year. While demand is unlikely to recover to the levels experienced before this period, it appears the ongoing war in Iran and high gas prices have triggered a small increase in demand.

Strong quarter sales figures from both Rivian and Tesla provide insight into the changes. In Q3, Rivian delivered 19,248 vehicles. This was largely due to the arrival of the more affordable R2, but it’s entirely possible some R2 buyers were convinced into buying an EV over a similarly priced ICE in part due to high gas prices.

Read: GM’s Electric Vehicle Sales Fell Off A Cliff Last Quarter

Tesla also beat out expectations last year, delivering 486,532 vehicles compared to the 464,000 that had been predicted. Speaking with Bloomberg, TD Cowen analyst Itay Michaeli suggested EVs could be about to start mounting a comeback in the U.S.

Hyundai Dealers Want More EVs

“We are still in the early stages of this looming EV comeback,” he said. “EV market coverage, by our estimation, will grow substantially in the next couple of years by existing players.” Michaeli also believes that demand for advanced new EVs will rise over the next couple of years, thanks to broader use of more advanced autonomous driving systems.

The boss of Hyundai’s North American arm, Randy Parker, also says a growing number of dealerships are asking for more EVs because of high gas prices. While that may be the case, demand for Hyundai’s electric models is still far below previous highs.

Sales Are Still Slow

In September, the carmaker sold just 2,928 Ioniq 5s in the United States, down 65% from the 8,408 sold in September last year. Year-to-date sales are down 53% to 31,112. In addition, September sales of the Ioniq 9 were down 65% to 374 units.

Although a small comeback may be possible, other automotive giants like GM continue to feel the effects of declining EV sales. In the third quarter, every EV sold by Cadillac, Chevrolet, GMC, and Buick experienced a sales decline. It was particularly bad for the Cadillac Lyriq, which was down 50.2%, the Chevrolet Blazer EV, down 84.4%, and the Equinox EV, down 92.4% compared to the year prior.

Things just keep getting worse for the 2027 Chevrolet Bolt. Soon after it was revealed that the all-electric hatchback’s planned production run has been slashed by roughly 75 percent, GM has had to issue a service update due to the possibility of a water leak with Bolts sitting at dealership lots.

The service notice – which is not the same as a safety recall – reveals that 2027 Bolt models may have partially seated taillight harness grommets. As such, water can work its way into the taillight. Only 2027 Bolt models at dealerships are involved, meaning customers who have already taken delivery don’t need to worry.

Read: Chevrolet Bolt Dies Next Year After A Disappointing Return

GM has instructed dealer mechanics to fold down the rear seats and look through the cutouts for the rear seat latch strikers so they can see the grommet. The taillights then need to be sprayed with water for at least one minute, and if any water is seen seeping through the grommet, a repair needs to be performed.

To do this, mechanics must remove the impacted taillight assembly and reseat the tail lamp grommet into the sheet metal. Once this is done, the light should be watertight, although dealers have been told to perform the water test for a second time to confirm.

In addition to the service notice impacting 2027 Bolt models at dealership lots, certified pre-owned vehicles will be de-certified until the inspection and, if necessary, the fix is performed.

Although the service notice doesn’t include Bolts already delivered to customers, owners could, in theory, follow this guide themselves if they’ve noticed any water getting into the taillights, since slight water intrusion isn’t a safety risk. But if you’re not much of a DIY-er, we’re sure a local Chevrolet dealership will be happy to perform the inspection, but it’ll probably cost you an arm and a leg.

News of this issue comes just days after it was revealed that production of the 2027 Bolt will cease when roughly 35,000 are built. Initially, Chevy had hoped to build 150,000 units, but demand for it clearly hasn’t met expectations. This comes despite the fact that it’s one of the most affordable new EVs in the country, starting at $27,600 excluding a $1,395 destination fee.

Newly released sales data from General Motors shows demand for its EVs has fallen off a cliff in the United States, contributing to a company-wide sales decline across the third quarter and through the first nine months of this year.

It’s no secret that EV sales in the US have dropped since the Trump administration axed the $7,500 federal tax credit last September. However, we suspect even GM couldn’t have anticipated just how far sales would decline.

Read: GM Keeps 70 Cents Of Every Subscription Dollar And Just 4 Cents On A Car Sale

The bad news starts at Cadillac. In Q3, sales of the Escalade IQ and IQL dropped 29.2% to 1,604 units. In addition, Cadillac Lyriq sales are down 50.2% to 3,617 units, Optiq sales have declined 6.9% to 4,550, and sales of the Vistiq fell 34.1% to 2,587 units. Total sales at the Cadillac brand were down 30% to 32,650.

Chevrolet Suffers

Then there’s Chevrolet, which saw its sales decline 4.6% to 437,321 vehicles. The Blazer EV suffered an 84.4% fall in sales to just 1,261 units. In addition, sales of the axed BrightDrop 400 and 600 vans were down 43.6% to 1,344. The biggest loser was the Equinox EV, with sales declining 92.4% from 25,085 in Q3 2025 to just 1,905 last quarter. Year-to-date sales are down 65.6% to 18,154.

Demand for the Silverado EV has also dried up. Across July, August, and September, just 1,655 were sold, down 58% from 3,940. Year-to-date, just 5,327 have been sold, a 43.2% reduction from the previous year.

Things aren’t any better at GMC. Sales of the Hummer EV SUV and Pickup declined 72.9% in Q3 to just 1,423 units. In addition, Sierra EV sales declined 50.8% from 3,374 to just 1,661 units. Total sales across the GMC brand dropped 4.7% to 157,103.

In total, GM ended the third quarter having sold 670,974 vehicles, 5.5% fewer than the 710,347 it sold in Q3 2025. Through the first nine months of the year, total sales have fallen 6.4% to 2,012,299.

A handful of models did enjoy a jump in sales in the third quarter. For example, sales of the Buick Enclave, Encore GX, and Envista rose 3.4%, 5.4%, and 18.4%, respectively. In addition, Cadillac CT5 sales were up 4.1%, Chevrolet Colorado sales rose 2.4%, and Corvette sales were up 28.5%. Chevrolet also reported a 51.1% jump in Trailblazer sales. At GMC, Acadia sales rose 7.7%, Canyon sales were up 17.9%, Sierra LD sales climbed 2.9%, and Yukon sales jumped 8%.

The story of the Chevrolet Bolt is perplexing as the model was one of the most popular electric vehicles in America. Despite this, GM killed the Bolt and Bolt EUV to build full-size electric trucks at Orion Assembly.

This plan quickly fizzled as the Chevrolet Silverado EV and GMC Sierra EV were met with the same enthusiasm as a wet hug. As a result, after multiple delays, GM decided to retool Orion Assembly for production of ICE-powered trucks and SUVs.

More: GM Quietly Plots A Family Of Low-Cost EVs After New Bolt

Amid this chaos, the Bolt went on a short hiatus before returning with some notable improvements and a new home in Kansas. Despite a significant amount of work, Chevrolet confirmed it would be a “limited run model.”

It appears it will be even more limited than expected as Reuters is reporting production has been slashed by approximately 75%. This means that by the time the model goes out of production in the first quarter of 2027, only around 35,000 units will have been made.

The company was reportedly planning to build 150,000 units, so it appears bringing the Bolt back was a huge mistake and a giant waste of resources.

While GM declined to comment on the numbers, the company told the publication “We continuously evaluate market dynamics and customer demand.” That being said, sales have been dreadful. In the first half of the year, Chevrolet only managed to sell 4,224 units. That puts them on track to sell less than 9,500 Bolts for the entire year.

As a refresher, the Bolt starts at $27,600 before a $1,395 destination fee. It features a 65 kWh LFP battery pack, which feeds an electric motor developing 210 hp (157 kW / 213 PS) and 169 lb-ft (229 Nm) of torque. This enables the model to travel up to 262 miles (422 km) on a single charge.

It’s not entirely clear why the ‘reborn’ Bolt hasn’t been able to live up to the success of the original, but the elimination of the federal tax credit undoubtedly played an important role. It also doesn’t help that the ‘new’ model looks so similar to the old one, and the car hasn’t really been promoted.

That being said, consumers have embraced the Equinox EV. The crossover starts at $34,995 – before a $1,800 destination fee – and offers 319 miles (513 km) of range.

Buying your first electric vehicle can be intimidating and a little overwhelming. Besides the purchase itself, you need to think about recharging and possibly getting an electrician to come out to your home and install a charger.

Given that, it’s easy to see why a number of consumers forget to inquire about programs from their utility provider. GM is now streamlining things by announcing a new partnership with Pacific Gas and Electric [PG&E].

More: GM Wants Your Parked EV To Sell Power Back To The Grid, But There’s A $20,000 Catch

Dubbed the Smart Charge Bundle, the first-of-its-kind program “makes home charging part of the EV buying conversation from the start.” When at participating Cadillac, Chevrolet, or GMC dealerships, eligible customers can discuss their charging needs, explore charger options from GM Energy, and sign up for a program from PG&E.

While there’s a lot to take in, customers can get an Energy PowerShift or PowerUp 2 home charger at no cost. That’s a savings of up to $1,999, although installation, permitting, and any necessary electrical upgrades are the responsibility of the customer.

The PowerUp 2 charger typically costs $899 and is rated at 11.5 kW. However, the star of the show is the 19.2 kW PowerShift charger, which offers a bidirectional charging capability when paired with a V2H Enablement Kit. This allows your EV to act as a massive battery bank to power your home during outages.

While the free charger is certainly a bonus, the incentives don’t end there. Quite the opposite, as dealers can sign people up for PG&E’s EV Charge Manager program. According to the utility, it “schedules electric vehicle charging when electricity prices and demand are at their lowest.” You simply plug in your vehicle when you get home, and it will automatically begin charging at the proper time. It’s also worth noting you can override a “managed-charging session” whenever needed.

That’s oversimplifying things a bit, but customers could receive a $15 monthly bill credit. On top of that, owners could save up to $50 per month by charging when the electricity rate is low.

The incentive is available to eligible PG&E residential customers in Northern and Central California through February 2027, or until capacity in the program is reached. There are a few caveats – such as having to use GM Energy’s preferred installer network – but the Smart Charge Bundle sounds like a win-win.

GM Energy Vice President Wade Sheffer remarked, “GM Energy’s reason for being is to make EV ownership a leap forward in value and ease, from choosing the right vehicle to charging it at home. Our work with PG&E is the result of listening to owners, reducing steps, and doing the hard work in the background to make the customer experience really simple, with clear benefits.”

If you follow the stock market at all, you’re probably still kicking yourself for not dropping $10k into Sandisk last year. If you’d done that in April 2025 and cashed out 14 months later you’d have made almost $800k. It could be worse though: You could be GM and have invested billions in EVs only to discover everyone wants hybrids.

Rewind to the late 2010s and the whole car industry was going gaga for EVs, with multiple brands pledging to go electric-only by 2030 and most putting huge resources into battery-powered cars. Growing EV sales figures and tightening regulations really did make electric vehicles look like they would take over the world.

Related: Kia Sets All-Time August Sales Record As Hybrids Soar

Hybrids, meanwhile, which had kick-started the modern electric revolution in the late 1990s, were dismissed as an “interim solution” by GM boss Mary Barra in 2019, Reuters reminds us. But seven years later, American car sales say hybrids are the complete solution, not an interim one. And automakers who bet on gasoline-electric rather than electric power alone are winning big.

The biggest winner is Toyota. It’s crushing the competition, securing a 49.2 percent share in Q1 of the hybrid market, Cox Automotive says, per Reuters. That market has grown, too. Hybrids’ share of the total car market swelled from 16 percent in February to 19 percent in August on account of gas prices exploding following the start of war in Iran. And one analyst told Reuters he expects hybrids to hit a 34 percent share by 2031.

Stuck To Its Hybrid Guns

Toyota, you’ll remember, popularized the hybrid with the original Prius, and endured years of criticism for being slow to launch EVs. But it never wavered from its commitment to hybrids, and that determination is paying off in the US in 2026. While GM’s share of the US car market fell from 17.6 percent in the first half of 2025 to 16.8 percent in the same period this year, Toyota’s grew from 15.5 to 15.8 percent, according to Cox Automotive.

EVs also cut fuel costs, of course. And in Europe, which is suffering the same kind of gas pain American drivers are battling, EV sales are on fire. One in every four new cars sold there is an EV. But in the US, sales are heading in the opposite direction, partly as a result of the Trump administration killing federal EV tax credits. Their share of the US market fell from 14.4 percent in September 2025 to 7.1 percent this May.

The 19 MPG Hybrid

So if GM wants to get back in the game, it’s got no option but to deliver multiple new hybrid choices to support the straight gas vehicles it fortunately kept building. Incredibly, the General’s sole hybrids in the US today are three Corvettes, the $111k E-Ray, $119k Grand Sport X and $227k ZR1X, though in previous years it also sold hybrid sedans and SUVs. It also sells hybrids in China.

When will we see new GM hybrids with more than two seats in North America? Dealers won’t like the answer, because while the automaker won’t confirm dates or comment on speculation, Reuters industry sources say American showrooms could be hybrid-free zones until near the end of the decade.

GM, Toyota

When you think of serious stopping power, you probably picture track-focused sports cars and supercars with carbon-ceramic rotors and a lap time to protect. Brembo’s newest caliper goes somewhere else, as the most powerful unit the company has ever built for a passenger car application is bolted to a fully electric Chevy truck.

More: The Automaker That Just Dropped Hydraulic Brakes Is Hiding Behind Brembo’s NDA

The Brembo Boldika (from the words Bold and Like) is a new six-piston fixed caliper good for more than 8,500 Nm (6,269 lb-ft) of braking torque. Brembo built it for “large, heavy and high-horsepower vehicles,” which in practice means full-size trucks and SUVs that have spent the last several years getting heavier and considerably more powerful.

Why The Silverado EV Went First

Brembo Boldika

This explains why Brembo decided to debut the Boldika in the 2026 Chevrolet Silverado EV and more specifically, the RST Stars and Steel Edition. Handling towing loads and hard stops without piling on mass called for a three-piece hybrid construction, two aluminum halves bolted together around a cast-iron central bridge, wrapped around that six-piston layout.

Furthermore, the caliper incorporates Brembo’s Enesys zero-drag technology, which is said to eliminate residual torque drag and reduce wear by retracting the pads completely from the rotors when the driver lifts the foot off the brake pedal.

2026 Chevrolet Silverado EV RST Stars and Steel Edition

The Boldika is compatible with wheels 20 inches and larger, with the massive 24-inch alloys of the Chevy offering plenty of clearance. On the Silverado, they are finished in a Torch Red finish against high-gloss black wheels, with both Chevrolet and Brembo branding on the body.

Review: Chevy’s 2026 Silverado ZR2 Is A Trail Weapon That Hates The Drive-Through

The new brake caliper will eventually spread to more electrified and combustion trucks and SUVs from a range of automakers.

Beyond the brakes, the RST Stars and Steel Edition marks itself out with American-flag-inspired graphics on the hood and tailgate, applied over Black or Summit White paint. The electric truck uses a 4WD powertrain rated at 760 hp (567 kW / 771 PS), with a choice between Extended Range and Max Range versions, good for up to 410 miles (660 km) and 478 miles (769 km) respectively. Chevy’s website lists the special edition from $99,945.

2026 Chevrolet Silverado EV RST Stars and Steel Edition